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*The best Priced Penthouse with Direct Bayfront View *Rare Opportunity to own a Downtown Sarasota Penthouse for under 1 million with Stunning, breathtaking full-bay views, two bedrooms/two baths, and a luxurious condo with a spacious great room floor plan. Natural light is throughout, and beautiful harbor views overlook the Bayfront, Marina Jack, and Big Pass to the Gulf of Mexico. Enjoy nightly sunsets. Wood flooring flows throughout all the rooms. Designer kitchen with stainless steel appliances, classic rich wood cabinets, luxurious granite countertops, cooktop, and wall oven- a chef's delight. A designed electric fireplace and a large primary bedroom suite entice you to enjoy tranquil water views of the bay, including the Ringling Bridge. Gorgeous bathrooms. New washer and dryer. Additional storage closets are available for your convenience. PLEASE NOTE: Older condos are experiencing BUYERS' concerns about the maintenance costs of aging buildings. However, it's important to note that this building has undergone a thorough inspection and maintains reasonable reserves, making it a solid investment opportunity.
Experience maintenance-free living with 24-hour concierge service, a heated pool, a club room, an exercise room, and a library. Enjoy the rich cultural amenities of our fabulous town: fine dining, galleries, shops, opera, theatre, Whole Foods, and Selby Gardens. Prime location with the marina across the street and just minutes over the bridge to St. Armand's world-famous shopping. It is a short drive to Siesta Key and Lido beaches. The Selby Gardens is within a short distance. Restaurants are nearby. Walk to Palm Avenue, visit famous art galleries and great restaurants, and enjoy one of the best Sarasota areas to work and live in.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.739% | 6.560% |
Monthly Tax Payment | $698 | $698 | $698 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,482 | $6,050 |
Total Monthly Payment | $5,043 | $5,272 | $6,840 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.